ACC101 — Accounting Principles 1
ACC 101 - Accounting Principles 1 ACC 101 - Accounting Principles 1 Credits/Units: 4 cr. This is an introduction to accounting practice and theory using the model of the sole proprietorship in a service business. The accounting process for recording, summarizing, and reporting financial data is analyzed. Specialized systems in cash controls, payroll, and the use of multipurpose combination journals are examined. Emphasis is placed on identifying and correcting errors and omissions and understanding their impact on financial statements. Course
Prerequisites: MAT020, MAT101